SUN vs. PAA
SUN (Sunoco LP) and PAA (Plains All American Pipeline, L.P.) are both stocks. Both are in the Energy sector — SUN in Oil & Gas Refining & Marketing, PAA in Oil & Gas Midstream. Over the past 10 years, SUN returned 18.61%/yr vs 5.94%/yr for PAA. At a 0.43 correlation, their price movements are largely independent.
Performance
SUN vs. PAA - Performance Comparison
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Returns By Period
In the year-to-date period, SUN achieves a 28.86% return, which is significantly lower than PAA's 32.09% return. Over the past 10 years, SUN has outperformed PAA with an annualized return of 18.61%, while PAA has yielded a comparatively lower 5.94% annualized return.
SUN
- 1D
- -1.15%
- 1M
- -2.20%
- YTD
- 28.86%
- 6M
- 25.56%
- 1Y
- 29.97%
- 3Y*
- 21.63%
- 5Y*
- 20.04%
- 10Y*
- 18.61%
PAA
- 1D
- 0.88%
- 1M
- 4.97%
- YTD
- 32.09%
- 6M
- 35.41%
- 1Y
- 42.03%
- 3Y*
- 29.12%
- 5Y*
- 22.64%
- 10Y*
- 5.94%
SUN vs. PAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUN Sunoco LP | 28.86% | 8.88% | -8.59% | 49.38% | 13.95% | 55.26% | 6.28% | 24.78% | 7.71% | 17.86% |
PAA Plains All American Pipeline, L.P. | 32.09% | 14.30% | 21.38% | 39.18% | 35.79% | 22.24% | -50.79% | -2.28% | 2.31% | -31.34% |
Correlation
The correlation between SUN and PAA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.43 |
The correlation between SUN and PAA has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
Fundamentals
SUN:
$3.38T
PAA:
$16.10B
SUN:
$0.06
PAA:
$2.19
SUN:
1.02K
PAA:
10.41
SUN:
42.48
PAA:
0.36
SUN:
1.30K
PAA:
1.26
SUN:
$20.02B
PAA:
$45.25B
SUN:
$1.75B
PAA:
$1.55B
SUN:
$2.10B
PAA:
$2.54B
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Return for Risk
SUN vs. PAA — Risk / Return Rank
SUN
PAA
SUN vs. PAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunoco LP (SUN) and Plains All American Pipeline, L.P. (PAA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SUN | PAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.91 | -0.15 |
| Martin ratioReturn relative to average drawdown | 7.02 | 8.41 | -1.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SUN | PAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.29 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.85 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.14 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.31 | +0.22 |
Drawdowns
SUN vs. PAA - Drawdown Comparison
The maximum SUN drawdown since its inception was -65.47%, smaller than the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for SUN and PAA.
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Drawdown Indicators
| SUN | PAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.47% | -91.99% | +26.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -14.53% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.29% | -22.26% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.29% | -26.11% | +4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -62.94% | -87.92% | +24.98% |
Current DrawdownCurrent decline from peak | -9.29% | -8.58% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -16.31% | -25.77% | +9.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 5.01% | -0.73% |
Volatility
SUN vs. PAA - Volatility Comparison
Sunoco LP (SUN) has a higher volatility of 8.42% compared to Plains All American Pipeline, L.P. (PAA) at 7.29%. This indicates that SUN's price experiences larger fluctuations and is considered to be riskier than PAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUN | PAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.42% | 7.29% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 14.05% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 18.45% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 26.80% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.75% | 41.83% | -10.08% |
Dividends
SUN vs. PAA - Dividend Comparison
SUN's dividend yield for the trailing twelve months is around 5.73%, less than PAA's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAA Plains All American Pipeline, L.P. | 7.00% | 8.46% | 7.44% | 7.06% | 7.08% | 7.71% | 10.92% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% |
SUN Sunoco LP | 5.73% | 6.89% | 6.74% | 5.59% | 7.66% | 8.09% | 11.47% | 10.79% | 12.14% | 11.63% | 12.16% | 6.78% |
Financials
SUN vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between Sunoco LP and Plains All American Pipeline, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SUN and PAA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SUN has higher volatility (8.42%) compared to PAA (7.29%). In terms of maximum drawdown, SUN dropped -65.47% vs PAA's -91.99%.
PAA currently has the higher Sharpe Ratio (2.29 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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